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We shouldnt stereotype that just ' cos this is not S-chip, there will be little or no risk of fraud..
if their financial reports are real, then probably its price should be higher.. but we have to think through.. if they have tonnes of cash with no debts, why they dont reward shareholders with more dividend.. are they hoarding the cash for business development or other things? by right we shouldnt be worrying about such things like whether fiancial reports are real, if sgx has done a good job regulating.. but unfortunately, that' s very evident from so many cases, and it had dampened investors confidence.. now probably there are a lot of shit to dig out, but sgx probably has a dilemna as well.. that is if they dig more shit out, investors will shun away from market even more.. that' s a consequence they have to face for not regualting the market properly over many years..
jwong016 ( Date: 20-Jan-2016 00:57) Posted:
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This one still got ppl bottom fishing and playing music chair?
There are some pts/qns retailers may wish to note/ask. SGX has already flagged that the share trading of this coy seemed to have been window dressed for so long, Was the > 80% collapse in the share px a spontaneous over-reaction to the SGX caution or an opportunistic exploitative rigging, taking handy advantate of the caution or both? Assuming SGX did not intervene, wld the financial ratios have been at these undemanding levels? If we move in, what is the likelihood of our becoming the victims of pump-n-dump operations? What are the coy' s prospects n earnings visibility going forward, taking into account the industries it serves (apparently the oil n gas sectors, amongst others)? How does the coy rank amongst the listcos on SGX in terms of risk profile, financials, apparent manipulative tendencies, safer alternative options available, etc. I' m also not vested, but another one here to kaypoh with my half cent' s worth, to share hopefully useful pointers on the other side of the coin.
hi guys my 2c regarding this. tbh right no matter whether this stock is played or not, we should always focus on the fundementals.
i saw a company comparison made w Eratat. Let' s not forget that eratat is/was an S-chip. This company isn' t.
From a balance sheet and P/L perspective (granted all the entries are accurate) - it is actually trading at less than cash now. PB< 1, PE is less than 10.
So i dont think that SGX will suspend this company unless there is accounting fraud - being listed means you are subjected to all these trading noise. This company shouldn' t be compared to Jason, Sino Con, etc Post-plunge prices because post plunge, they were still trading at ridiculous valuations on a simple P/E, P/B, even EV/EBITDA. Furthermore, their assets in question such as IHC, were doubtful (no idea why CCK is buying... as well as his artivision...maybe shell companies for future oxley spin-offs??).
But as investors, let' s just focus on the fundamentals. And granted that the fundamentals are accurate, cash holdings is 8.11c per share and they have no debt. So easy to value, as compared to the above 3 companies in question.
So i dont think that there' s any reason for the share NOT to rise today almost 20%.
1) short covering after all it fell like what 80+% percent previous day.
2) speculators entering the market.
3) genuine investors finding value in this stock.
Not vested, DYODD. Just a kaypoh SGX stock trader.
n2e9w0 ( Date: 20-Jan-2016 00:00) Posted:
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while SGX trying to catch them... the only thing as a investor can do is do his/her own due dillgence before invest... if no reason and their shares rised so high... mus b something wrong.. retail investors shld avoid this unless he/she has the capacity to play... beside if SGX caught them... i believe there will b some other groups continuing their work...so dyodd...
Woods30 ( Date: 19-Jan-2016 23:49) Posted:
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this group JUST continues to mock the system....really hope SGX catches them with their pants down this time.
Woods30 ( Date: 19-Jan-2016 22:41) Posted:
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should alert SGX again... see who are the individuals who had pushed the price sky high..and who are likely planning to do the same again..
Woods30 ( Date: 19-Jan-2016 22:31) Posted:
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this one hope kenna halted indefinitely... people manipulating the share... not fair to company not fair to retail investors like us... what a ground...
SGX inadvertently providing the mooncraft for them to zoom up n splash down.
Woods30 ( Date: 19-Jan-2016 15:51) Posted:
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see now go up again..another round again by the same gang who has manged to cover a ll loopholes making it impossible for the authorities to arrest them for stock manipulation... go in if you want the rush and ride but remeber...the gangsters will buy and sell at agreed prices outside the market..you will be at a disadvantage... imho ni...go for better stocks that pay dividens ...dont gamble ....
I sell this " " koyoh" " no body heed leh... must band hit the drum and " " Raw" " than can alert people to notice leh..
ysh2006 ( Date: 19-Jan-2016 09:54) Posted:
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Why today ST said SGX find out only few guys trade 60% of trade selling among each others.... is it connered stock like those ABL ?...
nqing87 ( Date: 19-Jan-2016 08:55) Posted:
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N, of course who always to provide that assuring hand? Nearly 30% down within 12 mths. I always say the media here so bland.
nqing87 ( Date: 19-Jan-2016 09:12) Posted:
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Maybe we shd engage Xiao Gang arh? One man' s poison is another man' s meat. Who knows that might be the magic needed here?
domanic ( Date: 19-Jan-2016 09:09) Posted:
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Any now we become home to how many pennies?
nqing87 ( Date: 19-Jan-2016 09:12) Posted:
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our market never crash ma.. it just stagnates & move down gradually.. as long as media never pressure, general public will think everything is fine.. maybe it' s part of the plot to make sg market illiquid, so that everything remain stagnant & status quo & they save their jobs haha
domanic ( Date: 19-Jan-2016 09:09) Posted:
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China Just Axed Xiao Gang.. The Stocks regulator.. And that bloody ang moh stayed in SGX for so long .. No wonder all we left are scraps
But what net profit was being projected, or what other growth potential for that matter. when px was being pumped up? Among the industries it serves, constn spending was down last yr n OnG in terrible state. So, we just wonder what magic optimism was being priced in over the last six mths? When Blumont was went beserk, there were ' experts' jumping on the bandwagon saying they were not surprised n had in fact been expecting it. Well, don' t know where these ' experts' are now n, with the benefit of hindsight, what Blumont has proved over these last two yrs to have justified the unbelieveable px it was pumped up to prior to the astounding crash in Oct 13. I just hope as retailers, we learn from these cases n become more circumspect when apparent ' traps' are laid out ever so often.
Woods30 ( Date: 19-Jan-2016 01:04) Posted:
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i think the Koyo NAV now is 9 cents, with cash being nearly 90% of it' s NAV.. but dunno how true is the financial reports though.. nowadays sgx is unable to monitor hanky panky reports in those small companies.. i remember couple of years ago, there' s this s-chip eratat.. lots of cash reported, but trading below NAV and it never give dividend.. awarded by SIAS as most transparent company, and then end up their accounts fraud.. things like this can happen, how to believe companies financial reports are real.. it is this incompetency that makes investors lose confidence.. anyway maybe this koyo could rebound, for those short term traders
Woods30 ( Date: 19-Jan-2016 01:04) Posted:
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Recently -> Pacific Andes, IHC, etc... I think more in the list coming!
FearValueGreed ( Date: 18-Jan-2016 23:51) Posted:
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